JP Morgan's less-than-stellar earnings report last Friday is exerting clear pressure on estimates for Citi. In addition, the bank has already announced it will take a $700 million charge in the fourth quarter, which will also affect earnings. The charges are from $400 million related to severance payments for 4,500 announced job cuts and $300 million related to a lower Japanese tax rate, according to a report from Oppenheimer's Chris Kotowski.